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How exactly is creating $750 Billion in new deficit spending going to reduce inflation?
It doesn't, but it makes them a lot more wealthy than the rest of us after they are kicked out of officeHow exactly is creating $750 Billion in new deficit spending going to reduce inflation?
Helps when you have an effective propaganda/entertainment/academia machine behind you....You just redefine recession, inflation, women, and economics. Easy peezy.
Know math? Not sure they can even spell it!How exactly is creating $750 Billion in new deficit spending going to reduce inflation?
Biden isn't doing jack **** aside from causing inflation. Democrats and Trump to a lessor degree pushed and passed massive spending bills and bailouts. Not having those going out this year caused the reduction in deficits that is not in anyway an accomplishment. GTFO with this imaginary bullshit claims.You might want to wait for results before criticizing. Trump finished with 2 years of 3 trillion dollar annual deficits and Biden is dramatically dropping them. 2022 could even drop below a trillion.
and according to the CBO will not lower inflation meaningfully and may increase it. Bravo Joe!An inflation reduction act on inflation they told was transitory.
Inflation is mainly coming from the severe labor shortage. If businesses have to pay workers more they have to charge more for their products. Fixing the immigration system would go a long way toward taming inflation. I'm againt illegal immigration but the dirty little secret is without it we'd have a more severe labor shortage and much higher inflation. GDP is down because many businesses can't find workers for growth.
You are undoubtedly the dumbest S O B to ever S H I T between two shoe heels.Inflation is mainly coming from the severe labor shortage. If businesses have to pay workers more they have to charge more for their products. Fixing the immigration system would go a long way toward taming inflation. I'm againt illegal immigration but the dirty little secret is without it we'd have a more severe labor shortage and much higher inflation. GDP is down because many businesses can't find workers for growth.
Not to criticize you but that is only one part of the issue. Massive fuel costs create inflation too… which is why the foolish party that creates fuel shortages and demands a 15 dollar minimum wage while printing money hand over fist should be completely dismissed as a viable option… look man, the entire democratic platform is built to create hyperinflation and literally is garbage unless you support fully bankrupting the middle class down… inflation really doesn’t bother wealthy investors much…Inflation is mainly coming from the severe labor shortage. If businesses have to pay workers more they have to charge more for their products. Fixing the immigration system would go a long way toward taming inflation. I'm againt illegal immigration but the dirty little secret is without it we'd have a more severe labor shortage and much higher inflation. GDP is down because many businesses can't find workers for growth.
I also read this morning that 51% of Americans believe that this Inflation Reduction act will not work, yet 70% of those same people polled support the bill. It's insanity.
You might want to wait for results before criticizing. Trump finished with 2 years of 3 trillion dollar annual deficits and Biden is dramatically dropping them. 2022 could even drop below a trillion.
Inflation is mainly coming from the severe labor shortage. If businesses have to pay workers more they have to charge more for their products. Fixing the immigration system would go a long way toward taming inflation. I'm againt illegal immigration but the dirty little secret is without it we'd have a more severe labor shortage and much higher inflation. GDP is down because many businesses can't find workers for growth.